The fair value of our financial assets (liabilities) was determined using the following inputs (in millions): | | | | | | | | | | | | | | | | | | | Fair Value at March 31, 2026 | Level 1 | | Level 2 | | Level 3 | | Measured on a recurring basis: | | | | | | | Assets: | | | | | | Cash equivalents: | | | | | | | Certificates of deposit | $ | 11.2 | | | $ | — | | | $ | — | | | Money market mutual funds | 1.3 | | | — | | | — | | Investments:(1) | | | | | | | Corporate debt securities | $ | — | | | $ | 1.5 | | | $ | — | | | Securities guaranteed by U.S. government | — | | | 2.5 | | | — | | | | | | | | Derivative assets:(2) | | | | | | | | | | | | | Interest rate swap contracts | $ | — | | | $ | 1.6 | | | $ | — | | | | | | | | | | | | | | | Interest rate swap contracts | — | | | 0.9 | | | — | | | | | | | | | Total | $ | 12.5 | | | $ | 6.5 | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Measured on a non-recurring basis: | | | | | | | Assets: | | | | | | Impaired lease-related assets(3) | $ | — | | | $ | — | | | $ | 3.0 | | | Total | $ | — | | | $ | — | | | $ | 3.0 | |
| | | | | | | | | | | | | | | | | | | Fair Value at December 31, 2025 | Level 1 | | Level 2 | | Level 3 | | Measured on a recurring basis: | | | | | | | Assets: | | | | | | Cash equivalents: | | | | | | | Certificates of deposit | $ | 10.6 | | | $ | — | | | $ | — | | | Money market mutual funds | 1.2 | | | — | | | — | | Investments:(1) | | | | | | | Corporate debt securities | $ | — | | | $ | 1.5 | | | $ | — | | | Securities guaranteed by U.S. government | — | | | 2.5 | | | — | | | | | | | | Derivative assets:(2) | | | | | | | | | | | | | Interest rate swap contracts | $ | — | | | $ | 1.4 | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 11.8 | | | $ | 5.4 | | | $ | — | | | | | | | | | Measured on a non-recurring basis: | | | | | | Impaired lease-related assets(3) | $ | — | | | $ | — | | | $ | 4.0 | | | Total | $ | — | | | $ | — | | | $ | 4.0 | |
__________________(1)Refer to Note 3 - Investments for further information regarding the fair value of our financial instruments. (2)Refer to Note 7 - Derivatives and Hedging Activities for further information regarding the fair value of our derivative instruments. (3)Consists of right-of-use lease assets recorded at fair value pursuant to impairment charges that occurred during the first quarter of 2026 and fourth quarter of 2025. Refer to Note 12 - Leases in our 2025 Form 10-K.
|